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Google reports disappointing drop in profits
Google on Thursday reported a 20 percent drop in third-quarter profits, announcing disappointing results which sent the Internet giant’s stock price tumbling. Net profit was reported at $2.18 billion, compared to $2.73 billion in the same period a year ago. The results were made public in a regulatory filing hours…
Democrats better for Wall Street than Republicans, research shows
Analysis of stock market returns under every president since 1900 shows Democrats do almost twice as well as Republicans on average As ever, the economy will be the key issue in the US presidential race. Mitt Romney’s aim will be to brand Barack Obama a failure for his stewardship and…
Europe stocks and euro firm on Greek vote prospects
European stock markets mostly rose on Monday after opinion pollsindicated a victory for pro-austerity conservatives in Greece’s upcoming general election, but Madrid fell on Spain’s bank strains. The European single currency meanwhile jumped to $1.2574 from $1.2515 late in New York on Friday, when it briefly hit a 22-month low point of $1.2496…
Facebook profit slips ahead of stock market debut
SAN FRANCISCO — Facebook reported Monday that its quarterly profit slipped to $205 million despite a surge in revenue as it bumped up research and promotion expenses ahead of its stock market debut. Facebook said its net income in the quarter ended March 31 dipped from the $233 million logged…
Internet stock slips raise fears of new bubble
Quick cooling of hot stock market debuts by Internet darlings such as Groupon has fed fears of another speculative bubble, as social networking star Facebook prepares to go public. Local bargain community Groupon, professional social networkLinkedIn and consumer reviews website Angie’s List each saw stock prices leap during initial public offerings (IPOs) this year. But share prices in each…
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- U.S. to restart immigration talks with Cuba
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- Court to re-examine DNA evidence in Amanda Knox case
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Commentary
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